Incheon TP Supports SMEs in Introducing 'Collaborative Robots'…Up to 27 Million KRW for Purchase and Installation Fees

Jung Seung-il, Vice Minister of the Ministry of Trade, Industry and Energy, is visiting the Doosan Robotics exhibition hall with attendees including Sohn Dong-yeon, Chairman of the Korea Machine Industry Promotion Association, at the '2019 Korea Industry Fair' held at KINTEX in Goyang, Gyeonggi Province. They are observing the process of five collaborative robots assembling industrial hydrogen drones. 2019.10.22 / Goyang = Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP), together with Incheon City, is launching a 'Collaborative Robot Support Project' to help improve the manufacturing environment and increase productivity for small and medium-sized manufacturing enterprises.

To this end, this year, a budget of 300 million KRW will be spent to support around 10 small and medium-sized manufacturing companies by covering up to 50% of the purchase and installation costs of collaborative robots, with a maximum support amount of 27 million KRW.

The support target is small and medium-sized manufacturing companies in the Incheon area that intend to install and operate collaborative robots in their production sites. Applicants can apply by selecting a supplier company that manufactures and sells collaborative robots.

Applications can be submitted by downloading the application form from the Incheon TP website (www.itp.or.kr) by the 17th of next month, filling it out, and sending it via email (blinds@itp.or.kr). Submission by mail or in person is also possible.

An Incheon TP official stated, "Collaborative robots are mainly used alongside workers in repetitive processes in the manufacturing sector," adding, "This support is expected to improve productivity and prevent industrial accidents in small and medium-sized manufacturing sites facing labor shortages, as well as to revitalize the robotics industry."

Incheon TP has previously supported 21 local small and medium-sized enterprises over the past two years with an average of 25 million KRW each for the purchase and installation of collaborative robots.

As a result, among the 10 companies that introduced collaborative robots in 2018, 5 companies saw their sales increase by more than 15%, and 80% of all companies surveyed experienced an increase in production volume.

This content was produced with the assistance of AI translation services.